highlights
Profit in dairy farming depends on the size of the business.
You can sell your animals’ milk directly to Amul or Mother Dairy.
To start a dairy farm, 10-15 animals are needed.
New Delhi. Tired of the job or if you want to try your luck on the farm before the job, then the dairy farm may prove to be right for you. According to government data, there is a lot of potential in this sector and by 2026, this industry will be worth US$314 billion i.e. Rs 26 lakh crore. The government has also set up a fund to provide financial support for this. If you want to start a dairy business, read this article in full. Get all the details about this deal here.
Before you start a dairy business, you need to understand the dairy needs of those around you. If people in your area prefer packaged milk to bulk milk, you can contact companies like Amul or Mother Dairy, who will buy all the milk from you and give you a good price for it. Alongside this, you also need to see which animal milk will cost you more. For example, buffalo milk is sold at a higher price than cow’s milk, so a higher profit is expected.
Also read this – Earn hundreds of rupees every month doing business with Amul, that’s how much it will cost, here is the process
Soil and barn preparation
Once the above things are completed, you will need land and a shed on it to keep the animal. The more animals, the more space is required. Also, arrangements must be made to feed and water them. You must also make arrangements for waste disposal. Dung cakes made from cow buffalo dung can be sold at the market.
Will get government help
To start a dairy business, you will receive a loan subsidy from NABARD under the Dairy Entrepreneurship Development Scheme. You can claim a subsidy of about 33.33 per cent on loans up to Rs 7 lakh, according to a website called Khatabook. The Animal Husbandry Infrastructure Development Fund (AHIDF) has been set up under the Department of Animal Husbandry and Dairying (DAHD), according to the government website Invest India. As part of this, a fund of Rs 15,000 crore has been set up to provide financial support for new dairy units. Among them, new dairy operators receive a discount of up to 3 percent on interest rates when taking out loans.
Also read this – post office gives you an opportunity to earn, start your business at home, you will earn in lakhs
What is the total cost?
Setting up a dairy farm in India can cost around 10-20 rupees. However, how much money needs to be spent depends entirely on the size of your dairy. Aside from the initial investment, you have to spend money on workers wages, insurance for animals and medical facilities, etc.
What is the future
According to Invest India, the annual compound growth rate of milk and related products is estimated at 18 percent over the next 5-6 years. This is way more than the returns you get from any safe mutual fund and bank FD. Dairy products are currently the country’s largest agricultural commodity, contributing about 5 percent to the economy. When we talk about profit, it depends on how you run your business. However, we will give you a winning example here. According to the report of our English website News18, Ratan Lal has about 80 animals in Loharwada, Jaipur. This produces about 416 liters of milk. He sold it for Rs.60 per liter 2 years ago. His daily earnings were 24,960 rupees. Daily expenses were around 14,900 rupees. His total net profit for the month was around 3,01,800 rupees.
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Tags: animal husbandry, business ideas, business news, earn money
FIRST RELEASED : February 17, 2023 at 17:56 CET
